👍 Argentina 🇦🇷: The Central Bank prepares to issue debit cards in dollars

👍 Argentina 🇦🇷: The Central Bank prepares to issue debit cards in dollars

It seems that President Milei is keeping his campaign promises, gradually "liberating" the dollar…

➡️ Although an exact date has not been confirmed yet, when everything is ready and that awaited "tomorrow" arrives, holders of dollar accounts will be able to make payments directly in USD, without needing to convert funds into pesos.

➡️ …But there's an important detail: These cards will only be available to holders of CERA accounts (Special Asset Regularization Accounts). These accounts consist of legal deposits existing as of December 31, 2023, which must have been previously declared to the Federal Administration of Public Revenues (AFIP). In other words, this is not a new benefit but an extension of already existing special permissions, which remain quite limited in the country.

➡️ In context: There is speculation that Argentina is moving towards partial dollarization, similar to the model of Ecuador 🇪🇨

#news #Argentina #economy
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